Page 53 - Bankruptcy Code News Today

For some folks the three letters ABC are a reminder of elementary school and singing a song to learn the alphabet. For others, it is a throw back to the early 70’s when the Jackson...

/PRNewswire/ -- Endo International plc (OTC: ENDPQ) announced today that one of its operating companies, Par Pharmaceutical, Inc., launched...

Earlier this month, Adani Power received the  Committee of Creditors’ approval for the resolution plan to acquire insolvent Lanco Amarkantak Power.

Fair trade regulator Competition Commission of India (CCI) cleared Adani Power's proposed acquisition of Lanco Amarkantak Power.

The National Company Law Tribunal (NCLT) in Mumbai has accepted Union Bank of Indias plea to commence insolvency proceedings against Dheeraj Wadhawan, the former promoter of Dewan Housing Finance Ltd (DHFL), due to the companys default of Rs 3,958 crore, for which Wadhawan provided a personal guarantee. Devendra Mehta has been appointed as the resolution professional (RP) to assess lenders claims and Wadhawans personal assets.

Adani Power proposes to acquire 100 per cent share capital and control of the Lanco Amarkantak Power, pursuant to the corporate insolvency resolution process (CIRP) initiated under the Insolvency and Bankruptcy Code, 2016 (IBC), according to a release.

Data available from IBBI showed that from 2016 (when IBC became operational) to December 2023, bankruptcy resolution plans were approved for 891 companies

Robust economic growth and increasing cross-border investments are driving a surge in transaction activity in the subcontinent - India’s capital markets are thriving,...

DHFL had availed various term loan facilities of more than Rs 4,000 crore and working capital facilities of Rs 450 crores. Wadhawan had provided unconditional and irrevocable guarantees toward the credit facilities granted by the public sector lender to DHFL. On November 20, 2019, the central bank superseded the board of DHFL and appointed R Subramaniakumar as the company administrator.

We lawyers and judges may be Dylan’s “writers and critics who prophesize with your pen.” Then, as now, the times for us are a-changin’, as U.S. District Court Judge Kathryn C. Ferguson...